Home Credit: Notice of Annual Stockholders’ Meeting

Notice is hereby given that the Annual Stockholders’ Meeting of Home Credit Mutual Building And Loan Association, Inc. will be held on November 21, 2024 (Thursday) at 1:00 o’clock in the afternoon by Zoom videoconference platform and at the  Board Room Level 26, Insular Life Corporate Centre, Insular Life Drive, Filinvest Corporate City, Alabang, Muntinlupa City, to consider the following:   

AGENDA

1. Call to Order
2. Certification of Notice and Quorum
3. Reading and approval of the Minutes of the previous Annual Stockholders’ Meeting held on December 19, 2023 and Special Stockholders’ Meeting on Mach 14, 2024
4. Annual Report of the President
5. Ratification of all Acts and Resolutions of the Board of Directors and Management
6. Election of the eleven (11) Members of the Board of Directors
7. Appointment of External Auditor and Fixing of its Remuneration
8. Other matters
9. Adjournment

Only stockholders of record at the close of business on September 30, 2024 shall be entitled to notice of the annual meeting.  Stockholders holding common shares are entitled to vote during the annual meeting.  Stockholders who cannot physically attend may appear and participate in the annual meeting by remote communication through online videoconferencing platform Zoom.  If a stockholder is unable to attend personally, he/she can be represented at the meeting by accomplishing a Proxy Form that is posted at the company website, http://hcmutual.com  to  be submitted on or before November 4, 2024, 2024 to the Corporate Secretary.  Electronic copy of the Proxy Form, Information Statement, Management Report, Annual Report in SEC Form 17A, and other pertinent documents are posted in http://hcmutual.com.  The Notice of Meeting and pertinent documents shall also be published in the business section of two (2) newspapers of general circulation, in print and online format, for two (2) consecutive days, the last publication of which the (print and online) shall be made no later than twenty-one (21) days prior to the scheduled ASM pursuant to SEC Notice issued on February 16, 2022. Stockholders who wish to attend the meeting are encouraged to pre-register through email, call or text message at the following channels:

• Email: [email protected]
• Mobile No. 0917-883-6970

Muntinlupa City, October 23, 2024.

                                                                                                                        EPIFANIO C. SEDIGO, JR.

     Corporate Secretary     

EXPLANATION OF AGENDA ITEMS

1. Call to Order.- The Chairman will formally open the meeting at approximately 1:00 o’clock in the afternoon.

• Certification of Notice and Quorum.- The Corporate Secretary will certify that copies of the Notice of Annual Stockholders Meeting containing the Agenda was duly sent to stockholders and published.  The Corporate Secretary will then certify that a quorum exists for the transaction of business. 

• Approval of the Minutes of the previous Annual Stockholders’ Meeting. –   The Minutes of the Annual Stockholders’ Meeting held on  December 19, 2023 and Special Stockholders’ Meeting on March 14, 2024 will be approved by the stockholders.  Copies of the Minutes are available at the company website,  http://hcmutual.com. 

• Annual Report. – The President will deliver a report to the stockholders of the significant operational and financial performance as well as the milestones and achievements of the Company in the year 2023, and the outlook for 2024.  The Audited Financial Statement (AFS) as of December 31, 2023 will be presented to the stockholders for their approval.  A copy of the 2023 AFS is also available at the company website.  The Audit Committee has recommended and the Board has approved the AFS. 

• Ratification of all Acts and Resolutions of the Board of Directors and  Management. – The acts of the Board of Directors and its Committees were those adopted since the annual stockholders meeting on December 19, 2023.  These matters  consist  of the approval of  agreements, projects and other matters covered by disclosures to the Securities and Exchange Commission.  The acts of the officers were those taken to implement the resolution of the Board and its Committees or in the general conduct of business.

• Election of Members of the Board of Directors.– The eleven (11) members of the Board of Directors will be nominated and elected.

• Appointment of External Auditor and Fixing of its Remuneration. – The appointment of external auditor, including its remuneration, will be presented to the stockholders for approval.  The external auditor conducts an independent verification of the Company’s financial statements and provides the objective assurance of the accuracy of its financial statements. 

• Other matters.-  The Chairman will open the floor for comments and questions by the stockholders. The stockholders may raise other matters or issues that may be properly taken up at the meeting.

• Adjournment. – After consideration of all business, the Chairman shall declare the meeting adjourned.  This formally ends the Annual Stockholders’ Meeting of the Corporation.